- Total preliminary Q3 2023 revenue
GBP 14.8m (18.5m)* of which:- July revenue
GBP 4.5m (5.8m) -
August revenue
GBP 4.9m (6.5m) -
September revenue
GBP 5.3m (6.2m)
- July revenue
-
October estimated revenue
GBP 6.6m (6.4m) -
Estimated Q4 2023 revenue
GBP 22m-29m (21.7m) - Due to lengthy negotiations of big contracts and delayed game launches in Q3, we have revised our annual revenue growth guidance to 0-10% for 2023. Previous guidance was the lower range of 20-40%
* Comparison figures for the year-earlier period in brackets
Year-to-date, we have grown our total revenue in USD by 7%, measured in constant currencies (which removes the negative impact of FX movements on our business in 2023). This is an achievement considering the weaker market climate and our reported 110% revenue growth in 2022. It is also worth pointing out that these numbers do not include any contribution from Audiencly's important "7vsWild" project which should boost revenue by approx.
Our recovery started in September and was driven by the successful launches of our new titles together with significantly stronger distribution in some of our main stores and the newly launched Xiaomi GetApps store. This was further seen in October which was the strongest month in Flexion's history with 26% revenue growth (YoY) in distribution measured in constant currencies. Financially, Flexion is also very strong with a long term positive operating cashflow and a cash balance of
Since the launch of Monopoly Go and Stumble Guys in our channels in Q3, we have moved up a gear and are seeing stronger interest from the top-grossing game developers around the world. It sets us up for a solid Q4 2023 and a game changing 2024 - the year that the European Digital Markets Act will help drive further growth in alternative distribution, concludes
The company releases its quarterly results for Sep-2023 on the 22nd of
This disclosure contains information that Flexion Mobile is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on
For more information
Niklas Koresaar CFO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
About
Flexion grows revenue and audiences for games. Our mission is to become the leading games marketing company. We offer unique game distribution and influencer marketing services to top grossing developers around the world. Flexion boosts game revenue and audiences for games by maxisimising their performance in new alternative app stores, including the Amazon, Samsung, Huawei,
https://news.cision.com/flexion-mobile/r/flexion-releases-a-trading-update-and-revised-growth-guidance,c3867475
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